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Accounting Services for Doctors in New York
Rye Brook, NY
At Revonary, we help New York doctors, specialists, and practice owners make smarter financial decisions. From tax strategy to practice transitions, we provide expert accounting services that free up your time and protect your bottom line.
Specialized Accounting & Tax Services for Doctors
At Revonary, we work with physicians throughout the tri-state area to simplify accounting, reduce tax liabilities, and support long-term financial growth. Whether you're navigating New York state tax issues or expanding your private practice, we understand the unique challenges of working in this market—and how to solve them.
Tax Preparation & Planning
Bookkeeping & Practice Accounting
Estate & Trust Tax Planning
Advisory Services
Additional Services
Tax Preparation & Planning for Doctors
Quarterly and Annual Tax Planning
Avoid surprises at tax time with proactive planning. We estimate quarterly payments, forecast year-end liabilities, and identify opportunities to defer income or accelerate deductions based on your practice’s financials and evolving tax law.
Maximizing Deductions for Medical Professionals
We ensure you capture every allowable deduction—from continuing medical education (CME) and malpractice insurance to leased equipment, home office expenses, and business-related travel. For doctors in high-cost areas like NYC, even small adjustments can mean big savings.
Navigating Multi-State Tax Exposure
Many physicians have income from telemedicine, consulting, or multiple practice locations across state lines. We help you manage apportionment, avoid double taxation, and stay compliant with state-specific filing requirements.
Retirement & Tax Deferral Strategies
We advise on tax-advantaged retirement plan options tailored to medical professionals, including solo 401(k)s, defined benefit plans, and cash balance plans. These vehicles can reduce taxable income while helping you build long-term wealth.
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Bookkeeping Service for Doctors
Monthly Close and Financial Reporting
We deliver accurate, timely financial statements every month—customized with KPIs relevant to medical practices, such as collections by payer, average reimbursement time, and overhead ratios. Our reports help you track performance, manage cash flow, and make informed decisions.
Accounts Payable and Expense Management
Let us take care of paying bills, reconciling vendor statements, and tracking recurring expenses like rent, utilities, lab costs, and software subscriptions. We implement cloud-based tools to make expense management simple, paperless, and audit-ready.
Chart of Accounts Tailored to Medical Practices
We design your chart of accounts to reflect how medical practices actually operate. That means categorizing income by service type (e.g., procedures, office visits), separating reimbursable vs. non-reimbursable expenses, and enabling granular tracking across locations or providers.
Estate & Trust Tax Planning for Doctors
Legacy Planning for Physicians and Practice Owners
We help doctors structure their estates to protect assets, minimize estate taxes, and ensure a smooth transfer of wealth to the next generation. Whether you own a medical practice, real estate, or a growing investment portfolio, we align your estate plan with your financial goals.
Trust Formation and Tax Compliance
We work with your attorney to establish and maintain tax-efficient trust structures—such as irrevocable trusts, grantor trusts, and spousal lifetime access trusts (SLATs). We also handle all trust tax filings and ensure proper reporting of distributions and income.
Gift and Generation-Skipping Transfer (GST) Tax Strategy
For high-net-worth physicians, we help leverage annual exclusion gifts, lifetime exemptions, and advanced gifting techniques to reduce estate tax exposure. We also advise on GST tax implications for multigenerational planning.
Advisory Services for Medical Practices
Practice Profitability & Financial Performance Analysis
We dive deep into your financials to uncover what’s driving (or dragging down) profitability. We help you improve margins, reduce leakage, and allocate resources more effectively—so your practice runs like a business, not just a clinic.
Partner Compensation and Equity Structuring
We advise group practices and multi-physician entities on how to fairly and efficiently structure partner compensation, equity buy-ins, and profit distributions. We also assist with succession agreements to minimize conflict and ensure long-term alignment.
Expansion & Strategic Growth Planning
Thinking about opening a second location, adding a service line, or hiring more providers? We build financial models that assess feasibility, forecast ROI, and guide smart decision-making. Our guidance is rooted in real-world constraints like New York lease costs, staffing challenges, and regulatory overhead.
Practice Valuation and Exit Readiness
Whether you plan to sell, merge, or gradually transition out, we provide detailed practice valuations and exit planning strategies. We help you understand what your practice is worth today, how to increase that value, and how to structure a tax-efficient exit when the time comes.
Who We Work With
At Revonary, we work with a wide range of medical professionals, from solo physicians managing their own practice to HNW individuals looking for sophisticated tax solutions.
Solo Physicians
Specialist Providers
Dentists
Small Group Practices
Hospital-Affiliated Providers
Mental Health Professionals
Insights for Doctors
At Revonary, we don’t just manage your books—we help you make smarter financial decisions. Our blog features timely insights on tax strategies, practice management, succession planning, and more, all written with the unique needs of doctors in mind.
Sharing the Results of Our 2025 Revonary Client Survey
Taking a More Strategic Approach to Tax Planning: The Revonary Approach
Revonary Accountants & Advisors Welcomes Anthony V. Riocci and Team
Get Started Today
Reach out to our team today to take the first step on your journey toward financial clarity.
Frequently Asked Questions About Our Accounting Services for Doctors
At Revonary, we know that every medical practice is different—and so are your financial needs. Whether you’re launching a new clinic, managing a busy group practice, or planning for retirement, we’re here to provide clarity. Below, you’ll find answers to some of the most common questions physicians and dentists ask before working with us.
We work with solo physicians, group practices, specialists, dentists, and healthcare consultants. Whether you’re running a private clinic, launching a concierge model, or managing multiple income streams, we tailor our services to fit your needs.
No! While our firm is based in New York, we also work with doctors in surrounding states and across the nation.
We go beyond basic tax prep. Revonary delivers proactive tax planning, clean and customized bookkeeping, and strategic advice to help you grow your practice, reduce your tax burden, and plan for long-term financial success.
Absolutely. We help physicians plan for retirement with cash balance plans, defined benefit strategies, and exit planning for selling or transitioning a practice.
Yes. Many of our clients have income from multiple states or telemedicine services. We help ensure you're compliant with state-specific tax rules while minimizing exposure to double taxation.
It starts with a quick call. We’ll learn about your practice, walk through your current financial setup, and outline how we can help. There’s no pressure—just clarity.
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